Overview

• Citi Ventures invested in BVNK, with the amount undisclosed, and the co-founder says the company’s valuation now exceeds the prior $750 million mark.
• Fortune reports that Coinbase and Mastercard have held advanced talks to acquire BVNK for roughly $1.5 billion to $2.5 billion, with Coinbase seen ahead and no agreement reached.
• BVNK runs fiat–stablecoin on-ramps and off-ramps that enable instant cross-border settlement for businesses.
• The company is expanding in the U.S. with 50-state coverage and new offices in San Francisco and New York.
• Executives cite the GENIUS Act as a demand catalyst for stablecoin infrastructure, and BVNK expects to reach consistent profitability next year.